It just goes to show how we are in a very precarious situation with the POO. The market is well fed in oil globally, nothwithstanding the US sanctions on Iran, the attacks on Saudi oil infrastructure and a whole host of other geopolitical restaints on oil production. Quite scrarey for oil traders and investors if the geopolitcal situation improves. POO could quite easily go back to US$30 barrel. Voliatility is king ATM.
Not scare mongering. Just a very real possibility. Remember what happened last time the US made a deal with Iran ? Ouch!!!
Price action, page-11
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Last
$1.54 |
Change
0.015(0.99%) |
Mkt cap ! $3.501B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 39714 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |